My mom is now 71 and she has $200k retirement money.
She is not on the CPF life scheme but on the past retirement sum scheme.
I am trying hard to help her get some passive income.
She has parked this money in short term duration funds but the returns has been really peanuts.
I am trying to see how to help her.
Do you have any suggestions?
I would say that at her age, it is more about capital preservation and she should not take any risk with her savings.
The CPF is a good risk free tool in helping to fund her retirement and topping up her CPF-RA will ensure that her retirement money earns 4% to 6% per annum.
I would say that for any investor, 4% to 6% returns per year is difficult to achieve without taking any risk at all …